US Department of Justice reaches settlement in 1MDB fraud case
The US Department of Justice (DOJ) reached a settlement Wednesday in the 1Malaysia Development Berhad (1MDB) fraud case in which Malaysian government officials allegedly siphoned money from the development bank for personal gain. The DOJ’s Kleptocracy Asset Recovery Initiative department finalized a settlement agreement that recovered $700 million from Low Taek Jho, who was the [...]
The city of Philadelphia filed a lawsuit Wednesday accusing Bank of America Corp, Barclays Plc, Citigroup Inc, Goldman Sachs Group Inc, JPMorgan Chase & Co, Royal Bank of Canada and Wells Fargo & Co of defrauding the city and public entities out of millions of dollars. The antitrust action claims the banks conspired to inflate [...]
Malaysia files criminal charges against Goldman Sachs subsidiaries in 1MDB scandal
The Attorney General of Malaysia on Monday filed criminal charges against Goldman Sachs subsidiaries for their part in the 1MDB scandal. Malaysian authorities allege that between May 2012 and March 2013 three bonds were issued by subsidiaries of 1MDB and underwritten by Goldman Sachs. These bonds raised a total of USD $6.5 billion, of which [...]
Federal appeals court allows Goldman Sachs gender discrimination case to move forward
A three-judge panel of the US Court of Appeals for the Second Circuit on Tuesday allowed a now 13-year-old gender discrimination lawsuit against Goldman Sachs to proceed with class action status. More than 2,000 current and former female Goldman Sachs employees secured class action status in March, which the bank immediately sought to appeal. The complaint [...]
Trump signs Dodd-Frank rollback into law, ending Obama-era banking rules
US President Donald Trump signed a bill into law Thursday that decreases some Obama-era regulations imposed on banks by the Dodd-Frank Act . Trump’s signature comes just two days after House approval on Tuesday. The new law allows banks with up to $250 billion in assets, as opposed to the previous $50 billion, escape some [...]
In a 258-159 vote, the US House on Tuesday approved a bill to decrease some regulations that Dodd-Frank imposed on banks during the Obama administration. This vote follows an executive order President Donald Trump issued last year, ordering the dismantling of the 2010 law, which was designed to prevent banks from taking risks that would [...]
Venezuela Constituent Assembly approves investigation of opposition for supporting US sanctions
Venezuela's National Constituent Assembly on Tuesday approved a decree rejecting the US economic sanctions and called for treason investigations into political actors for supporting the sanctions. The decree was passed unanimously [BBC report by the ANC....
International Treaty and Constitution: Contradictions of Cameroon
JURIST Guest Columnist Doris Toyou of the University of Pittsburgh School of Law discusses treaty translation issues in the nation of Cameroon... The 2016 unrest in the Republic of Cameroon ("Cameroon") started when a group of Anglophone lawyers demanded an...
Supreme Court refuses to hear appeal in Dow Chemical's $1 billion tax deduction claim
The US Supreme Court on Monday denied certiorari in an appeal from Dow Chemical Company , rejecting the Michigan-based corporation's request to consider its $1 billion tax deduction claim. The case stems [district court...
JURIST Guest Columnist Virginia Brown Keyder, the State University of New York at Binghamton, discusses IP laws in the US and EU... If any legal concepts may be said to characterize our age, intellectual property (IP) and secrecy would be...
